Retirement plan

THE VANIR 401(K) PLAN

Name: VANIR GROUP OF COMPANIES, INC. - THE VANIR 401(K) PLAN (2022) Form 5500
Creator: VANIR GROUP OF COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE VANIR 401(K) PLAN, VANIR GROUP OF COMPANIES, INC.

VANIR GROUP OF COMPANIES, INC.EIN 33-0074517Plan #001PY 2022

4540 DUCKHORN DR, STE 100 - SACRAMENTO, CA 95834916-575-8888LinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$42.6M

-19.4% from 2021

Total participants

507

+0.4% from 2021

Average account balance

$101,166

-19.4% from 2021

Annual return

-16.08%

-30.19 pp from 2021

Benchmarks

See 645 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort645 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$55.46M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$146K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

381

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

70.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$746

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
INVESTMENT ADVISORS CORP6 years Service code 16 140 SOUTH 68TH STREET · WEST DES MOINES, IA 50266	Consulting	$201,825
CORRELL CO.6 years Service code 15 · EIN 36-3492086	Recordkeeping	$41,079

Plan features & details

Pension benefit codes2E2G2J2K3D3F3H2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$243K

$796 / participant

Investment mgmt$202K83.1%
Other / not subdivided$41K16.9%

% of EOY assets

0.570%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VASQUEZ & COMPANY LLP
Auditor EIN: 330700332
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,166

$50,458+100.5%

$160,009-36.8%

$64,819+56.1%

Participation rate

71.8%

68.0%+3.8pp

78.0%-6.2pp

71.5%+0.3pp

Annual return

-16.08%

-13.42%-2.7pp

408.85%-424.9pp

32.84%-48.9pp

Employer contribution / active EE

$3,261

$1,722+89.4%

$4,225-22.8%

$2,507+30.1%

Participant deferral / active EE

$8,320

$4,004+107.8%

$6,183+34.6%

$4,311+93.0%

Admin fee / account holder

$577

$706-18.3%

$8,715-93.4%

$188+207.2%

Provider

Service type

Compensation

INVESTMENT ADVISORS CORP6 years

Service code 16

140 SOUTH 68TH STREET · WEST DES MOINES, IA 50266

Consulting

$201,825

CORRELL CO.6 years

Service code 15 · EIN 36-3492086

Recordkeeping

$41,079

THE VANIR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE VANIR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion